How Bidding Works?

There are following definations to better understand the concept of bidding on All Car Online.

Current Bid:

A current bid price is the highest price that a buyer (i.e., bidder) is willing to pay for items, equipments or vehicles.

Proxy Bid:

A proxy bid allows you submit highest and best offer in an auction. Your proxy bid amount is confidential (only you can see ).Our system will notify, you are highest bidder or out of bid.

Bid Increment:

Bid Increment is minimum amount an auction bid must be raised each time the current highest bid is surpassed. A bid increment is the amount between the current bid and the next bid. The bid increment is determened by the value of most recent bid. See below:

On Approval: 

Means that, Seller has reserve the right to approve and deny with the sale status of minimum bid.Seller has one business day, after end of auction to: Accept your bid, counter with a higher bidder,or reject your bid.

Tip: if you are the high bidder on an auction with a sale status that's either on minium bid or on Approval you must wait for the seller to accept, counter, or reject your high bid. You will receive the Seller's response by an Email.

Note: The high bidder is obligated to purchase the item or cars if released by the seller within the approval period.

Preliminary Bidding

When seller listing a vehicle or equipment on Machinerey state website for selling then All Car Online members can place preliminary bidding or pre-bid at any time until sale date will last.

Live Auction:

You can bid at the auction over the internet in real-time while experiencing the atmosphere. Live auctions move very quickly and typically have a length of only few minutes. You may join a Live Auction from any lot page with "Join Live Auction" button, located in Place Bid from your computer by selecting from one of the our automatic increment options or choosing your own bid amount.Compete against other members to become the high bidder, and if your bid is the highest when the circular, dynamic countdown timer stops, you win the sale of the item or equipment.

Bonus Time:

Our system is designed, when you place a bid on Live auction day in last 10 second then Bonus time will be start. Bonus time will be full and final.

Watchlist:

To track the bidding activity of certain items, use the Watch List feature. Useful for Buyers and Sellers alike, it puts items from different categories into one place (Requires an account). To add an item to your list, just click the "Add to Watch List" icon at the right of each item's description page. Manage your Watch Lists from your account page after you sign-in.

Tip: Any number of items may be stored in your list from any number of events.

Alert System: Our system is designed, when you place a bid or Proxy bid then system will let you know you are highest bidder or out of bid at every second.

Email Alert:Our system will notify automatically before live event start to every Bidder who takes part in bidding by email that Live Auction is being start in 10 min.